Alstom eyes Rs 15,000-cr power business in India

Alstom T&D India, an arm of French energy major Alstom, is eyeing new business opportunities of nearly Rs 15,000 crore in the power transmission space in India over the next three-four years.

Grid security technology is another great opportunity coming up, Rathin Basu, president and managing director of Alstom T&D India, told reporters at a news conference on Thursday.

Specialised components, such as Static Var compensators (SVCs), 1,700 Phasor Measurement Unit (PMUs) used in electricity transmission grids, will be required by March 2017 for strengthening of transmission network in the country.

Basu said as many as 30 SVCs and 1,700 PMUs would be required for the work.

"A series of projects is coming up and they will require several SVCs, PMUs (grip components) in different parts of India and we at Alstom are more than ready to do it," Basu said.

The government has already started the tendering process for SVCs, which is a Rs 3,000-4,500 crore business opportunity, he said, adding in the PMUs technology space the opportunity is close to Rs 6,000 crore.

"These devices will make the grid more secure and protected," Basu said.